House Vs. Apartment – Which To Buy?

Jul 3, 2013 by

Buying your own property is a big decision. There can be many reasons for wanting your own home. But deciding whether to invest your money in an apartment or a house is a choice that perplexes every individual who wishes to own his/her own property. In order to make your choice easier, comparing the pros and cons involved in house and apartment ownership will be beneficial.

Houses usually cost more than apartments but their resale value is more as well. However, if you plan to buy your property and then put it up for rent, purchasing an apartment would be more feasible as renting them is easier.

If something breaks down in your apartment, you just call the building management and they will send the person over to fix your equipment absolutely free. After all, that’s what monthly maintenance charges are for! However, in your own house, you alone are responsible for the wear and tear that occurs and you have to pay out of your pocket to get the damage fixed.

Apartments are usually located within the city and are near to the central districts where going to the market for groceries is convenient. Houses, on the other hand, usually have more land around them, like a yard or a garden, so they need open spaces to be built. Generally, most house developing schemes are constructed on the edge of town and in order to buy your essential goods, you have to go all the way into the city.

Due to being in the middle of the hustle and bustle of the city, apartments can slightly be noisy and if you own a car but the building does not have a parking lot, then you can have a hard time finding parking space. Also, if the walls are too thin, and you are unlucky enough to get stuck between noisy neighbours, you may find yourself losing patience with all the noise. These problems do not occur with houses, where parking is usually provided and neighbours have houses some distance apart and can make as much noise as they want.

In most cases, apartments have less space than houses and obviously provide you with no yard or garden. So if you have a big family or if you have an interest in gardening, you may want to consider buying a house.

Furthermore, some apartment buildings have certain rules and regulations that must be followed, such as the “No Pets Allowed” rule. In your own house, you can keep pets in your yard or in your house without anybody’s permission and you are free to do as you wish.

Living in an apartment can often create a sense of community togetherness, especially when everybody is willing to listen to you and help you out in time of need. But if you value your privacy, nosy neighbours may bother you more than you can handle.

Aside from providing full-time security, some apartment buildings also provide their residents with added benefits, such as a pool or a sauna, etc. in some apartment complexes, however, these facilities can be charged as well, whereas, in your own home, you would not even have to pay a single penny to use them. But installing these facilities will cost you more than it’s worth!

In the end, even though the choice seems difficult, the pros and cons for both kinds of ownership are somewhat equal. So it’s entirely up to you to decide whether you wish to live in a small apartment within the city with lots of neighbours or you wish to live in a big house with a yard and distant neighbours at the outskirts of the city.

 

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